http://online.wsj.com/article/SB10001424052748704327704575614853274246916.html
As the article indicates from WSJ - there is intense political pressure on the Fed to drop QE2 in light of retail numbers coming in better than expected.
Bond yields are rallying hard which is providing support to the USD.
XJO will be tricky today - no fancy gap ups or as such.
Ranges are 4650-4715...play the edges as always..
Good luck today.
qe2 tuesday under fire
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Last
7,788.9 |
Change
-40.800(0.52%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,829.7 | 7,829.7 | 7,782.0 |
| XJO (ASX) Chart |